The price tag is too high in my estimation. Perhaps I’m mistaken but the way I read this we get to decide if we want increased deficit into eternity with soon-to-be permanent tax cuts for the top 2% (if things follow the course I see) or if we want to start making fiscal policies that make sense in the long run and not just the short term.

Whole thing stinks like rotten meat. I’m not eating it, I don’t care of they raise JFK from the dead and put him in front of the White House Presscorp. I’m still not going to support a Bush tax policy, because I’m not into this country going to ruin in the next few years just so a random amount of capital will be injected into it right now.

I believe Buffet may be practicing the concept that psychology rules a large part of every economy. As strange as it is, it might help change a ‘fragile recovery’ to a ‘full recovery’ just by beating the drums of “we are coming back.”

The stimulus is working, though more money should have been allocated directly to the states that need it the most. And in the next two or three years is certainly the time frame in which we will know if Krugman or Buffet was right.

The Republican obstructionism on the health care reform agenda is not “principled objections” as Senate minority leader Eric Cantor suggests. It is non-principled, pure nihilistic policy of poisoning the well and deception on behalf of conservatives.

The liberal majority that elected Democrats to office in 2008 has spoken.

The Public Option must survive in a final health care bill, and the process of reconciliation between House and Senate bills is the only avenue by which Democratic representatives can claim to have made any “meaningful reform” come reelection time.

Make it clear that this will not go away, and we the liberal progressives will not be silent.

This push did not come from the White House, or the Progressive Caucus, or from the desk of Sen. Harry Reid. This push for a strong public option through reconciliation came from the people who understand that health care is a moral issue, not merely a budgetary issue.

Both President Obama and Senator Reid remain open to the pursuit of Senate reconciliation, but I believe it important to state that this in itself is the “failure to sell health care reform to the American people” I spoke of before.

“My goal is to talk to people outside the Beltway to hear what they are thinking, and do the best I can to explain what’s happening in the economy.”

Many people who care very little for facts have been saying a great deal of nonsensical words in regards to conspiracies and wild theories. In this time of historic actions being done by the government in what amounts to an expanse in federalism it is important to understand the truth of the matter and not allow yourself to be lead astray by people who care nothing for the truth and only seek to promote their own twisted agendas.

Federal Reserve Chairman Ben Bernanke recently did a open forum event hosted by PBS in which the public could ask him questions in regards to his job and the state of the American economy.

Let it be said that I am not bought off and not invested in how much money you make one way or the other.

I am one of last people on the web that is willing to tell the truth and attempt to remove all the shadowing and spin that resides over all that is the media.

Allow me to be plain:

We are headed for a depression.

I repeat this as a man with three businesses and a successful career in marketing said this statement to me.

A math teacher of high credentials has said to same to me in the past year.

You won’t hear this from the bought and paid for economists who sat on their hands and let our economy crumble beneath us as they remained mute.

While the word ‘depression’ in regards to economics is about to appear on the FFC Banned Words List there is much to be understood about what awaits us.

I’ll remove as much jargon as I can.

The economy will go up. But then it will come back down again.

They call me a “W” in terms of my economic perspective in that I believe we will regain strength in the market in coming quarters. But I think these will be temporary gains and ultimately we will fall back into a recession cycle that will lead to a depression.

Most media economists tell you that they are a “V” which to me just denotes that they are blindly optimistic or much more likely bought and paid for.

Some maintain that there will be no improvement and they are labeled the “L‘s”.

And some still think we will have gradual and slow recovery that is unhampered and they are labeled as “U‘s”.

Anyone like myself who speaks of a forthcoming American Depression would squarely fit into the “W” or the “L” camps.

However, the notion that all hope is lost is a false one.

Most of us ‘money-savvy’ people already know that fortunes can be made in depressions and that the wealth of the nation will not dissolve into thin air but rather will be distributed down to the people who have the intelligence and the foresight to take advantage of the downturn.

This is just a sliver-lining though. Each family should take real steps right away to build up the value of your home, maximize your portfolio and be prudent about major expenses.

But it’s important to realize that if we are going to prove me, a math teacher and a successful business man wrong that this nation will have to refocus itself on consumer spending.
If all of America continues to tighten it’s belt in this endless fashion then you begin to see why some predict this outcome at a latter date. Most say about three years and I would estimate a little longer span of time but the same end result.